BX News & Events

Catch up on the top artificial intelligence news and commentary by Wall Street analysts on publicly traded companies in the space with this daily recap compiled by The Fly.AI BOOM:Shares of Dell Technologiesjumped on Friday after the company posted a sharply better than expected quarter and issued a major revenue outlook increase driven by accelerating demand for AI infrastructure. Dell said late Thursday it now expects $167B in revenue for fiscal 2027, up from a prior forecast of about $140B. The new outlook includes an estimated $60B in AI server sales alone, far above analysts' average estimate of $142.1B for total revenue.Results for the quarter also exceeded expectations by a wide margin. Q1 revenue rose 88% year-over-year to $43.8B, compared with analyst estimates of $35.5B. The company reported $24.4B in AI orders, $16.1B in AI server revenue, and ended the quarter with a $51.3B backlog of AI server orders."This is what an AI supercycle looks like," Evercore ISI analyst Amit Daryanani wrote in a research note. The stock's rally — up 32% on Friday — puts Dell on track for its best single trading day since returning to the public markets in 2018.ANTHROPIC DEBT DEAL:Apollo Globaland Blackstoneare aiming to bring extra investors into a roughly $36B debt financing deal to help Anthropic develop its AI infrastructure, Bloomberg's Paula Seligson, Scott Carpenter, and Silas Brown. The debt will be used to buy Google'scustom TPU chips, which the Claude maker will then lease, the authors say, citing people with knowledge of the matter. Broadcom, which helps Google make the chips, is backstopping payments on the biggest portion of the transaction, the authors note.ENTERPRISE AI UNIT:Metais creating an Enterprise Solutions unit that embeds engineers and product managers directly with large corporate customers to accelerate adoption and deployment of its AI tools, The Information's Jyoti Mann.

Apollo Global (APO) and Blackstone (BX) are aiming to bring extra investors into a roughly $36B debt financing deal to help Anthropic develop its AI infrastructure, Bloomberg's Paula Seligson, Scott Carpenter, and Silas Brown report. The debt will be used to buy Google's (GOOGL) custom TPU chips, which the Claude maker will then lease, the authors say, citing people with knowledge of the matter. Broadcom (AVGO), which helps Google make the chips, is backstopping payments on the biggest portion of the transaction, the authors note.

The recently announced AI-native enterprise services firm led by Anthropic, Blackstone, Hellman & Friedman, and others to help mid-size companies bring Claude into their core operations, today announced the acquisition of Fractional AI, a leading applied AI services company based in San Francisco. Fractional AI's team and delivery capabilities will serve as the founding operational centerpiece of the new company. Fractional AI was founded in 2024 by Chris Taylor, Eddie Siegel, and Travis May, and has quickly become a top destination for the industry's best applied AI engineers. Built by a team with deep entrepreneurial and technical experience, Fractional AI has evolved into one of the go-to end-to-end AI implementation partners for enterprises. The team is world class at helping businesses across industries understand where AI fits, and how to choose and implement the right technologies for specific teams and functions. Fractional AI's engineering team will work with Anthropic's Applied AI organization from day one, enabling collaboration and close technical alignment to guide clients' AI transformation. The new AI-native enterprise services company is backed by a consortium of leading alternative asset managers including Goldman Sachs, General Atlantic, Leonard Green & Partners, Apollo Global Management, GIC, and Sequoia Capital. Terms of the Fractional AI acquisition were not disclosed.

The major averages were broadly lower near noon for the second day in a row, with weakness in semiconductors and high-growth technology names leading the declines. Meanwhile, investors are keeping an eye on the oil market following President Trump's cancellations of planned strikes in Iran. Crude oil prices pulled back a little after the news, but remain elevated amid continued tensions in the region.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Home Depotreportedand reiterated its FY26 outlookBlackstonewill invest $5B in awith GoogleAmer Sportsprovided areport for Q1Agilysysreportedand provided guidance for FY27Shake Shackdisclosed that its CEO Robert Lynch and director Daniel Meyeron May 152. WALL STREET CALLS:GuggenheimStubHubwith growth picking up in Q2Jazz Pharmaceuticalsto Buy at UBSX-energy, a developer of advanced small modular nuclear reactors, saw Wall Streetwith a mix of Buy and Hold ratingsBofA"miscast" Zeta Globalwith a BuyBofAof Lightspeedand ZoomInfowith Underperform ratings3. AROUND THE WEB:AI chip startup Tenstorrent is drawing early takeover interest from prospective buyers, including Inteland Qualcomm, as it looks to challenge Nvidiaand AMD, Bloomberg reportsTapestryexpects roughly 70% of its growth over the next several years to come from international markets, with expansion led by its Coach brand and focused primarily on China and Europe, Reuters saysAnalog Devicesis in advanced talks to acquire artificial intelligence chip company Empower Semiconductor for about $1.5B in cash, Bloomberg reportsThe New York Timeshas sued the U.S. Department of Defense, alleging that a new Pentagon policy requiring reporters to be escorted at all times while inside the building violates the First Amendment and unlawfully restricts press access to military officials and facilities, Wemple reportsMexican President Claudia Sheinbaum has conditioned Royal Caribbean'splanned "Perfect Day" water park in Mahahual, Quintana Roo, on the preservation of the local ecosystem, RMN says4. MOVERS:Bakkthigher after Director MichaelRelay Therapeuticsincreases after announcing zovegalisib showedin vascular anomaliesKE Holdingsgains in New York after, with EPS and revenue beating consensusT1 Energy (TE) lower aftersaid it was short on the companyCanadian Solarfalls after Freedom Brokerthe stock to Hold5. EARNINGS/GUIDANCE:Driven Brands, with CEO Danny Rivera commenting, "Driven Brands delivered a solid fourth quarter and full year"Eagle Materials, with EPS and revenue beating consensusBally'swith CEO Robeson Reeves commenting, "We delivered solid first quarter results across the enterprise"Bilibili, with EPS beating consensusAntalphaand provided guidance for Q2INDEXES:Near midday, the Dow was down 0.47%, or 232.99, to 49,453.13, the Nasdaq was down 1.17%, or 306.21, to 25,784.53, and the S&P 500 was down 0.76%, or 56.19, to 7,346.86.